Despite the 10% stock market rally over the last six months, many billionaires are quietly dumping their American stocks . . . and fast.

They are selling into a rising market, and only buying on the deep dips, and are expecting another huge dip as the IRS Affair becomes the laughing stock of the global financial industry.

Intel is being dumped because ThoughtWare is too close to developing into a world wide reality.

One billionaire recently dumped 14 million shares of JPMorgan Chase knowing that it soon will become one of the four big banks too big to manage and therefore it must be dismantled like Fannie and Freddie have been seized by the Treasury Department.

Billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs.

Between the three banks, Soros sold more than a million shares. This is a signal that the housing market is getting ready for the zero interest mortgages to be underwritten by the world's first trillionaires, all three of them being of Hungarian Origin and descent. In case you didn't know who they are, google Gabor S. Acs, George Soros and Peter Munk of Barrick Gold.

These professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

When you unwind the inflation of the past 100 years, that is exactly what you get.

Slaying the Octodragon is getting easier every day and every day more bad debt is being sopped up by the Federal Reserve, but soon they must stop. Bonds will become worth less.

Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in BANR over the next 72 hours.

Additional disclosure: Advising Soros Fund Management to short ten million shares of Banner Corp and cover at $20.00 per share. Bad news pending with Banner being added to $500 Trillion Lawsuit filed by International Bank Activities Reform Commission.

Following is a partial list of more than 300 articles published at Yahoo Associated Content before Yahoo bought out Associated Content for $100 millon.

Gabor S. Acs, confirmed by the Infinite Freedom Foundations and the Church of Infinitology as the world's first and currently the only trillionaire on the planet, is suing Yahoo to return all original materials published under the pen names Alex S. Gabor and Gabriel Infinitely Acts for one million dollars per word and 50% of all advertising revenue ever collected by Yahoo as a result.

Prior to the buyout by Yahoo Gabor S. Acs had offered to buy Associated Content for $300 million from Luke Perry, the former President who has also been named in the suit which alleges fraud and malicious business practices.

Mr. Acs is seeking more than ten times the current book value of Yahoo as liquidated damages. that puts his claims in the neighborhood of $200 Billion.

A law firm is being retained to file the suit in Federal District Court. Mr. Acs claims that Yahoo is benefitting from his intellectual properties and continues to receive large amounts of income from his published works without compensation to the author and creator of those works.

Yahoo has a current market cap of 27 billion however Gabor said he would be willing to make an offer to buy the company for $100 billion and take the company private in order to become more nimble and launch ThoughtWare, a technology that Gabor holds all rights to which allows computers to communicate using just people's thoughts.

As skyrocketing foreclosures rip through the thinly veiled fabric of illusory wealth in Seattle's King County Region, local activists, journalists and investigative reporters have uncovered a wealth of new evidence

So far this year the United States Mint has been minting pennies furiously in anticipation of increased demand in King County where soon more than a million people will be cashing them in for a dollar each at the Bank of Pen!

The Penny King has been a documentary film project in production now for about 17 years. Indianola, Washington, where another Pennysville has been set up is the latest area to be hit by penny shortages.

As General Motors shutters 1100 dealers across the country, the second wave of foreclosures hitting the market has just begun. Alex S. Gabor, who predicted the collapse of such giants as WAMU, FNM, and FRE shares some of his secrets.

When Gabor S. Acs discovered that Marcos was engaged in money laundering he reported all his information to the Federal Bureau of Investigation. Marcos was deposed by a popular peoples revolt less than 8 months later. Was there a connection?

The Super Power of the People is superior to the Phony Pillars of Power Politics. This story illustrates how mortgage money created for the people by the people is greater and more valuable than government money.

If you go around buying up pennies for a nickel and make penny stocks go up 500% just by putting common cents business deals together, be careful, you might just be attacked be the evil forces of Wall Street!

More than 50% of the Wilshire 5000 stocks are now trading under $5.00 per share, making the number of penny stocks trading in the market increase more than 500% during the ongoing rout of billionaires being busted by bank activities reform commission.

By Order of the Decree of the Penny King, on this 4th day of March, 2009, we the people who support the Kingdom of Pen, and have elected the Penny King as the new Monarchial Gadfly of the Planet, do hereby endorse and enforce this indictment upon

More than 8,500 financial institutions in America are in financial trouble - no one wants to buy their stocks, their bonds, or deposit money with them, because the FDIC is insolvent and unable to rescue every bank!

More powerful than a trumped up SEC indictment, able to mentally leap over bureacratic regulators, stoolie Senators and kookie Congressmen in a single bound, and who, disguised as a mild mannered King...

In this humor filled article, The Penny King Points out the perpetual perplexity of the banking people who continue to push phony pillars of pennyless politicians into peering into the peoples power to regulate the value of their own money.

Originally published on Monday, November 06, 2006 this rewrite is being added to one of the scripts being currently developed by the author and is rededicated to the authors eldest son Diadon Gabriel Acs who turns 25 on February 13th, 2009.

President and CEO Greg C. Leinweber has been a film and television editor living in Seattle for the past six years. His credits include "Hookers in Space", All Day LIve, Call4Investigation, Closing the Circle, and the Ultra Liberal News.

Gold, Silver, Copper, Platinum, Rhodium, Money, Any Currency are simply mediums of exchange amongst traders who conduct commerce. Their value is solely determined by we the people for the people by the people of the world.

Originally published at IndieProducer.net, a web site catering to Independent Producers, under the title "Infinite Magic", this version is donated to the Church of Infinitology by Alex S. Gabor. Copyright 2008. All World Rights Reserved!

Man and Woman, an excerpt from the "Plurality of Love" by Alex S. Gabor. Originally published on November 28, 2006 and picked up by ForbesLife Executive Woman without permission of Alex S. Gabor who is not a member of Flew.

The International Bank Activities Reform Commission (IBARC) has been investigating the global banking industry for more than 40 years. Bank Activities Reform Commission (BARC) focuses on Pink Sheet Penny Stock, IMPH.

In a follow up article originally published on June 13, 2007 Alex S. Gabor updates how fathers in America are abused by a legal system that is more concerned with money than the future of the human race - our children!

A Startling Expose of Cloak and Dagger in the world of Espionage involving Spiritual Warfare waged between the Christian dominated US CIA and the Aleister Crowley influenced Church of Scientology founded by L. Ron Hubbard.

The Church of Infinitology is being organized recognizing that each individual is an infinite eternal immortal spiritual being with infinite powers beyond what any humans in history have allowed you to believe, achieve or perceive.

Once a stalwart of the hedge fund industry, Fortress Investment Group appears to be headed into bankruptcy as redemptions from investors mount and cannot borrow to cover their losses from bad investments like Nationstar Mortgage.

The Penny King has been officially recognized as the world's first trillionaire by the Church of Infinitology. He recently profited more than $5 Trillion Dollars in less than a two year period by shorting everything based on the United States Dollar!

"Nickelsville, named after Seattle Mayor Greg Nickels is getting attacked from the local neighborhood, local parishoners and from within through power trips being run by people who should not be in charge of anything except their own lives".

There are more than 50 million people in America, and more than 3 billion people in the world, who because of ignorance about our economic systems, earn less than $20,000 a year, the new poverty line as adjusted for ten years of hyperinflation.

Ex Banker Alex S. Gabor likes to write punny punches at the banking industry. Here is another poem written off the cuff, thought up in October of 2008 while he rode around on his bicycle rehearsing his role as "The Penny King".

More than 2,000 poems and lyrics have been written by Alex S. Gabor over the past forty years. He writes some and give them away to strangers he meets on his path through life. This one was written in Seattle on October 31, 2008.

Thom Mrozek, Public Affairs Officer of United States Attorney's Office provides information to journalists about the latest busts conducted by the Fedeal Bureau of Investigation and other divisions of law enforcement such as the Drug Enforcement Agency.

Freenomics does not concern religion or politics, it is a pure science of economics that can only be studied from the viewpoint of infinite abundance of all things man made and universally given to all who would dip into the serenity-Serendipity!

Alex S. Gabor interviewed the Penny King and obtained a copy of excerpts from his letter which he personally served on the Seattle Mayor Greg Nickels Office, the City Attorney's Office and Seattle Police Department addressed to the Chief of Police.

Prices continue to plummet for everything from oil to treasury bills to gold and rice as a result of the skyrocketing purchasing power of the peoples penny which is rumored to soon be turning to something more valuable than gold!

In this exclusive Interview conducted and written for various Seattle publications who have been covering the unfolding story of Nickelsville, Alex S. Gabor interviews Random X. Roads and "The Penny King".

This article has been provided to Associated Content, "The Peoples Media Company" as a courtesy with the compliments of "Alex S. Gabor Syndicate" and the "Infinite Intelligence Review", a publication of the "Infinite Freedom Foundation!"

Alex S. Gabor has written thousands of poemssince his sixth grade teacher gave him A+ for his first short story making him read it in front of the whole class as an example of great writing! His teach said he was already a great writer then!

Mark Twain originally wrote "The War Prayer". This rewrite more than 100 years later was co-written by Alex. S. Gabor and pInc.mon as a tribute to Billy Balloon and introdocing the works of pInc.mon and Dav*d Hargrave.

Wade Morin is not your ordinary tree guy. His 27-year-old company, "Tree Artistry" runs on his philosophy of Arbor artistry, a subject which surprisingly has little search results on Google, Yahoo and other search engines.

An electronic version of Bearer Shares were once issued by the Penny King under the banner of Penny King Productions after the original hand made bearer stock certificate was issued on the streets of Los Angeles in 1995.

The Bank of Pen is a fictional bank, very much like the Federal Reserve Bank in America. The only difference between the two is that the Bank of Pen makes no secret of how money is created out of thin air!

The Federal Governments negligence in dealing with financial octodragons is at the forefront of a legal case being developed by "The Penny King" to be filed in Federal District Court and possibly the World Court!

Violet Acs is the daughter of Diadon Gabriel Acs, the son of Gabor Sandor Acs, also known as Alex S. Gabor, also known as "The Penny King", also known as the geneticly proven rightful heir to the throne of the Kingdom of the Hungry, now known as the Republic of Hungary.

The Penny King has been visiting his friends at Portland State University. In appreciation for their fine hosting and generous sharing he treated two of them to a fine meal at the Thai Peacock Restaurant near the Portland Pearl District.

If we didn't have bankers, lawyers would never have been invented. If we didn't have lawyers, corpsorations would never have been dreamed up. If we had neither, we would all be a free nation once again!

Chemicals known to cause cancer or birth defects or other reproductive harm may be present in foods or beverages sold or served at McDonalds. The chemical acrylamide known by the State of California to cause cancer is found in french fries, hash browns and baked potatoes.

The United States Dollar is as worthless as a German Mark in 1929-1934. If you have any of them in your pocket you better cash them in and buy pennies as soon as possible lest you lose everything you own and wind up houseless, foodless and starving in America!

Four years ago the Penny King was arrested for failing to pay over a million dollar fine. Today he still hasn't paid it but he is surviving on pennies as he watches America burn from atop a very tall Mountain.

In a story first reported by Associated Press and reported here for the first time at Associated Content by Alex S. Gabor, if you try to pay American Justice Courts in Pennies, or post a bond as bail using pennies, you will be jailed for contempt!

"The assets of America and Americans in general are really worth less than ten cents on the dollar, and every loan on every book of every bank with more than a billion dollars in assets is phony paperwork designed to mask the truth of the real situation!"

The Penny King says Saudi Arabia would be better off building an Island in the Atlantic Ocean than trying to help poor countries with soft dollars to alleviate high energy prices. His advice to King Abdulah, tell your loyal subjects to save American and Canadian pennies!

In his address through an "Open Letter to the Kings of the World" excerpts from "The Penny King" are published here for the reader to understand the impact of modern communications on the values of humans and their lives. Life follows art!

Alex S. Gabor's favorite thing to do some days is to just re-write all the negative songs in the world. This is a remix of the original Bad Moon Rising Lyrics by Credence Clearwater Revival. Do you like it better than the original?

This material was previously published by the author in 2005 on a non religious website which was later removed by religious fanatics who disagreed completely with this take on the subject of God, Religion, Man, Spirit and "The Infinite Infinitor of Infinities".

Confessions of a Sex Crazed Money Man was first published in 1993 by Alex S. Gabor and Excalibur Press in Kirkland, Washington. This is an excerpt from what become a fifth and final printing of that title, perhaps some time in 2009.

The Penny King is a fictional character who shows little children how to turn their pennies into dollars and short the dollar till everything turns to pennies in terms of real cost! "After all, "The Penny King" asks, "Why do you pay more than a penny for anything anyway?"

The United States Government, also known as the American Government, and the Federal Government and it's various forms of Capitalism have collectively become the bane of global civilization. Here is more evidence of that fact.

If every object, be it large or small, were given to each human for nothing at all, there would be nothing worth a penny, but if everything only cost a penny, then every human being on the planet would become instantly rich over night!

100 years ago a penny was worth a penny and a dollar a dollar. but the dollar is now worthless and pennies are worth a dollar as the Penny Kings story unfolds and people start realizing that America is as dead as the dollar!

Originally published at IndieProducer.net where more than 75 friends of the Penny King have expressed an interest in the street theatre live action thriller, "The Penny King", which is being rehearsed and casting has begun in North Hollywood!

In his first book, "Confessions of a Sex Crazed Money Man", Alex S. Gabor wrote, "If I told you I was a compulsive liar would you believe me?". It has been a good way for him to judge other people's characters ever since.

Surely there are more than ten telltale signs you might be experiencing hell, but these are only the personal views of the author on one given day, Lord knows there might be infinite Hell as there is an infinite paradise out here somewhere I know it!

To do away with corruption in Congress, by lawmakers, by lawyers, by bankers, is for the people to take away the power of government to control the value of our money. That power belongs to the people. Only the people can get it back by dumping dollars and pinching pennies!

There are more than two million cars in Los Angeles that waste on average a gallon of gas every day by waiting for traffic lights to change. In 1974, Gabriel Acs invented the Lazer Guided Traffic Control System designed to solve that problem.

Troubles in the Kingdom of Pen are tackled one at a time as the Penny King plows forward with Rockcitynews.com quarter page ad and the Medical Marijuana Community Jointly Endorses "The International Pennies for Peace Concert" being organized by ACTS.

With Bush and Congress recently having passed a law that foregoes capital gains taxes on forgiven debt on home ownership the door has been opened to everyone in the country owning their own home free and clear within a year.

Car enthusiasts, motorcycleists, bicyclists, skaters, skate boarders, alternative vehicle manufacturers, green technologists and other sponsors being invited to the largest peace gathering in the history of the world where "The Penny King" buys pennies for a dollar each!

As the Penny King through his domain, "The Kingdom of Pen", continues undermining the global economy by buying pennies for a dollar each, driving their value up 10,000 per cent, local police arrested two men on the set at the location of the filming of "The Penny King."

Tantric Energy is an Infinite Creation. The beginning Student of Tantra has only one question to answer for the Tantric Master - How do I create that sexual sensual energy in my body and what is it's purpose.

In the Public Court Room of Kingdom of Pen, Mightier than all the swords and nuclear weapons of history, past, present or future, the bankers and lawyers are soon to face the most incredible trial in the history of mankind!

Originally drafted in 1999 the following document is published for the first time and made available for public viewing. There are about seven different versions of this document and the one you read here is the latest version uncensored and unedited.

The energy is like the Lady of the Lake. The energy can be like the sword of Excalibur. But if you trust your feelings and use the energy for good, the energy can be wielded like Merlin into alechemical states of being.

The lyrics to "My Immortal" by Evanescence seemed dying to be rewritten and re-recorded in a remix by "The Penny King" to be sung by him at the International pennies for peace concert in Topanga coming up.

This booklet was completed during a period where the author was incarcerated by the Los Angeles County Justice System. It was first published for the benefit of 400 recovering addicts at the Acton Rehab Center at Acton, California on April 29th, 2005.

Telynx, Inc. used to be a controlled subsidiary of the Free and Clear Foundations of America, Inc. through Penny King Holdings Corporation. There is a UCC filing for over a million dollars against Telynx, Inc.

Penny King, Chairman and CEO of Penny King Holdings Inc. subsidary of the Infinite Freedom Foundation a non profit organizing the "Penny Appreciation Fund" which buys pennies for a dollar, says "the U.S. Dollar is collapsed, and a banking crisis in America is in the globe!"

This portion of the script was originally written in May of 2006 while "The Penny King" was holed up in the mountains of Topanga, the local for an international Pennies for Peace Concert which will shut down Topanga State Park for the people, not the government.

Excerpted from "Bonanza: How to Profit During a Global Economic Depression", by Alex S. Gabor, this hard hitting view of the global economy and its cancerous cells upon human consciousness is sure to stir up demands for improvement in the way we manage our global resources.

The process of clearing the phony pillars of power politics from the face of the earth may take a few more decades to accomplish according to "The Penny King", the former Chairman and CEO of Penny King Holdings Corporation!

Sponsored by the Infinite Freedom Foundation, Penny King Productions, the successors and assigns of Penny King Holdings Inc., Penny King Holdings Corp, the International Penny Appreciation Fund and other celebrated anonymous donors.

Is it possible that Hitler knew and used "Scientologie" principals to build his war machine and has George W. Bush & Crowd morphed into something we can no longer identify, but must refer to as "Octodragon". Google it if you don't understand what it means!

The Kingdom of Pen is a fictional domain that is ruled by "The Penny King". There in that infinite domain lies the Bank of Pen, which magically changes pennies into dollars, which fuels the infinite growth of the Kingdom of Pen!

"The Penny King" believes that Ron Paul will be the next President of the United States because only he understands how the United States Dollar has been utterly destroyed on the foreign currency exchanges.

Alex S. Gabor has been researching the Topanga, California real estate market and will soon publish a three part exclusive series of articles on what is going on in Topanga with realtors, bankers, and an investigation which will rock Hollywoods' roots.

Once published under the banner headline of the "Free and Clear Intelligence Review" by the Free and Clear Foundations of America, Inc., here is the first issue of the "Global Real Estate and Financial Markets".

"The Penny King", a live street theatre production of Penny King Productions, Inc. is being performed randomly on the streets of Los Angeles County. A casting call for a 2007 Christmas Party will be announced soon!

This documentary presents highlights of an extraordinary day-long ethics conference, featuring the Dalai Lama in conversation with some of the nation's leading activists, economists, environmentalists, and politicians to discuss the ethical dilemmas of the new millennium.

Drug dealing, money laundering and violence of street gangs in Los Angeles has grown rampant while Federal Agents continue to put the screws while investigating thousands of gang members in Los Angeles County.

The Penny King is a documentary comedy live street theatre drama in which one man causes the entire global economy to revalue itself...the message is clear...save all your pennies for the near term future.

Who determines the real value of our nations money? Is it the people of the planet or is it the Federal Reserve and the American Government that has maintained a policy of rape, pillage, maim and dominate for decades.

This article highlights one way in which investors in the game of real life monopoly can and should buy property. According to some readers, this is going to be the only safe way to buy property for more than a decade to come.

Bad loans, bad customer service, and even out right mortgage fraud may become another opportunity for investors, particularly real estate investors with large lines of equity credit, to short the stock and pay off their mortgages from the profits.

Do Bill Gates, Warren Buffet or George Soros have anything in common other than their wealth, fame and phenomenal track records? Perhaps these ten suggestions for their new years' resolutions will bring them together for a common cause. Happy New Year.

Alex S. Gabor, in this updated version originally published at the American Chronicle, predicts that George Bush and Dick Cheney will be impeached in 2007 and we will have the first woman President shortly thereafter.

What is the Octodragon and where does it get its' power from? Alex S. Gabor, in a continuing series on the subject explains its origins and how to start dismantling its' negative effects without violence.

The International Competition Network (NYSEARCA:ICN) advanced convergence through important initiatives on international enforcement cooperation and investigative processes in competition cases, the Federal Trade Commission announced today. The ICN adopted new work product on economic analysis in merger review, legal theories in exclusive dealing investigations, international cooperation and information sharing in cartel enforcement, and the benefits of competition.

The 12th annual ICN conference, hosted by Poland's Office of Competition and Consumer Protection (OCCP), was held on April 24-26, 2013, in Warsaw, Poland. More than 500 delegates participated, representing more than 80 antitrust agencies from around the world, including competition experts from international organizations and the legal, business, consumer, and academic communities. Federal Trade Commission Chairwoman Edith Ramirez and Assistant Attorney General Bill Baer of the Department of Justice's Antitrust Division led the U.S. delegation. The conference showcased the achievements of ICN working groups on cartels, competition advocacy, competition agency effectiveness, mergers, and unilateral conduct.

"This 12th annual ICN conference demonstrated how competition agencies from around the world can come together both to advance convergence toward best practices in antitrust enforcement and to strengthen the voice of competition policy as our governments confront common economic challenges," said Chairwoman Ramirez.

Bronislaw Komorowski, the President of Poland, provided opening remarks at the conference. John Fingleton, former Chief Executive of the UK Office of Fair Trading and former ICN Steering Group Chair, moderated a panel on competition and its relevance to global economic policy discussion among representatives from the World Trade Organization, World Bank and International Chamber of Commerce. Joaquin Almunia, European Commission Vice President and Commissioner for Competition, also addressed the conference. Eduardo Pérez Motta, ICN Steering Group Chair and President of the Mexican Federal Competition Commission, spoke about his initiatives to support ICN member competition advocacy and enhance cooperation with international organizations.

The Polish OCCP led a special project devoted to the interaction between competition agencies and courts, culminating in a session led by OCCP President Malgorzata Krasnodebska-Tomkiel. FTC Chairwoman Ramirez addressed the vital role of economic evidence in competition cases and offered guidance for how to effectively present this evidence to generalist courts. She also highlighted the various tools available to competition agencies to encourage courts to recognize competition law principles.

The Agency Effectiveness Working Group, co-chaired by the FTC, the Mexican Federal Competition Commission, and the Norwegian Competition Authority, examines the institutions and procedures that support the enforcement missions of competition agencies. Randolph W. Tritell, Director of the FTC's Office of International Affairs, led a panel discussion and presentation of the group's work related to investigative tools and agency transparency practices, part of a project on investigative processes in competition cases.

"The ICN's new investigative process project has produced impressive data and a report highlighting substantial agreement on agencies' practices designed to ensure adequate transparency in antitrust investigations," Director Tritell said. The working group also presented two new chapters on effective knowledge management and human resources management for its competition agency practice manual.

The conference showcased the ICN Curriculum Project, a project led by the FTC to create a "virtual university" of training materials on competition law and practice. FTC Counsel Paul O'Brien presented the Curriculum Project and its new modules on planning and conducting investigations, competition advocacy, and challenges for agencies in developing countries.

Assistant Attorney General Baer moderated a panel of antitrust officials on international enforcement cooperation to discuss the strengths and limitations of current cooperation frameworks. The panel also discussed future ICN work that could best help antitrust agencies address the challenges of engaging effectively in international enforcement cooperation. Over the past year, the ICN partnered with the Organization for Economic Cooperation and Development (OECD)'s Competition Committee on a comprehensive study of the state of international enforcement cooperation. Lynda K. Marshall, Assistant Chief of the Department of Justice's Antitrust Division's Foreign Commerce Section, led a discussion on future work on international cooperation in cartel enforcement.

"One of the defining characteristics of the ICN is the deep engagement of its members on critical antitrust issues, including mergers, anti-cartel enforcement, unilateral conduct and competition advocacy," said Assistant Attorney General Baer. "The discussions and work product emerging from this meeting strengthen the ties between U.S. enforcers and our counterparts around the globe and enhance effective antitrust enforcement for the benefit of all consumers."

The Merger Working Group, co-chaired by the European Commission's Competition Directorate, the Competition Commission of India, and the Italian Competition Authority aims to promote best practices in the design and operation of merger review regimes. The FTC's Director of the Bureau of Economics, Howard Shelanski, participated in a panel discussion of the role of economic analysis in merger review. The panel highlighted the group's new work addressing the role of economic evidence in merger analysis, a comprehensive overview of the qualitative and quantitative analyses available to antitrust agencies for the review of horizontal mergers.

The Unilateral Conduct Working Group, co-chaired by the Swedish Competition Authority, the Turkish Competition Authority, and the UK Office of Fair Trading, promotes convergence and sound enforcement of laws governing conduct by firms with substantial market power. The working group presented a new workbook chapter on exclusive dealing arrangements as part of a project that is producing a practical guide to the investigation of the various types of unilateral conduct.

The conference also highlighted the work of the Cartel Working Group, co-chaired by the Department of Justice, the Japan Fair Trade Commission and Germany's Bundeskartellamt. The working group brings together antitrust enforcers to address the challenges of anti-cartel enforcement, through the examination of important policy issues and the exchange of effective investigative techniques. The group presented a new chapter on international cooperation and information sharing for its Anti-Cartel Enforcement Manual, a reference tool for antitrust agencies on effective investigative techniques.

The Advocacy Working Group, co-chaired by the French Autorité de la Concurrence, the Portuguese Competition Authority, and the Competition Commission of Mauritius, develops practical tools and guidance to improve the effectiveness of ICN members' competition advocacy. This year, the working group developed draft guidance on procedures and analysis for assessing existing or proposed laws and regulations to determine whether they may have a significant impact on competition. The group also presented its work on practical techniques to help promote a competition culture and strategies for explaining the benefits of competition to other government entities.

The ICN was created in October 2001, when the FTC and the Department of Justice joined antitrust agencies from 13 other jurisdictions to increase understanding of competition policy and promote convergence toward best practices around the world. The ICN now includes 126 member agencies from 111 jurisdictions.

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